Iran war fallout raises odds of a U.S. recession, economists say
Economists say the conflict in Iran is making a recession more likely, with higher energy prices hitting consumers and businesses.
Recession
5/7: The Takeout: Jill Schlesinger
CBS News business analyst Jill Schlesinger joins Major Garrett on "The Takeout" to break down the state of U.S. banks and artificial intelligence's role in the economy. She simplifies the Federal Reserve's recent string of interest rate increases and its level of effectiveness. Given inflation and several recent bank failures, Schlesinger also weighs in on whether our current economic woes signal that a recession is near.
European financial system hinging on Greece
The fate of Europe's financial system - and possibly the world's - hinges on Greece and its acceptance of a bailout plan, reports Mark Phillips.
Role of Trump's tariffs in Q3 GDP surge
New government data reveals the U.S. economy saw a major surge in the third quarter of 2025. CBS News MoneyWatch correspondent Kelly O'Grady breaks down the results.
Data: 32,000 private jobs lost in September
The Labor Department was scheduled to release its weekly jobless claims on Thursday, but the agency withheld that report because of the government shutdown. Despite that, the ADP National Employment Report, which looks at the private sector in the U.S., is offering a different glimpse into the job market. CBS News MoneyWatch correspondent Kelly O'Grady breaks down the findings.
Jamieson Greer on tariffs, employment data
"Face the Nation" moderator Margaret Brennan speaks with U.S. Trade Representative Jamieson Greer. More of their interview will air Sunday on "Face the Nation."
Bank of America report on consumer spending
A new report from Bank of America is showing signs of slowing consumer spending with people stocking up in anticipation of President Trump's tariff policies going into effect. David Tinsley, senior economist at the Bank of America Institute, joined CBS News to discuss the report.
Most CEOs aren't expecting a recession anytime soon, survey finds
Business leaders are feeling more optimistic about the U.S. economy despite ongoing uncertainty stemming from tariffs.
2009: Ben Bernanke's greatest challenge
Fed chairman discusses recession, financial rescues and recovery in wide-ranging "60 Minutes" interview.
Jerome Powell: The "60 Minutes" interview
Jerome Powell tells Scott Pelley if the Fed will raise interest rates again, gives his view on whether or not President Trump can fire him and outlines the current risks to the U.S. economy.
Will the Fed raise interest rates again?
Federal Reserve Chairman Jerome Powell shares his outlook on the U.S. economy and tells 60 Minutes whether or not another interest rate hike is on the horizon
Powell says the president can't fire him
Jerome Powell tells "60 Minutes" he fully intends to serve his four-year term.
How the opioid crisis affects the economy
Jerome Powell tells 60 Minutes about the factors that have led the United States to have a lower labor force participation rate than almost every other advanced country
Americans' feelings on economic outlook
Americans' feelings about the economy have improved slightly, but many are still concerned about the state of their finances, according to a new CBS News poll. Anthony Salvanto breaks down the numbers.
Consumer Confidence Index data coming
The upcoming Consumer Confidence Index report may impact Americans during a period of economic uncertainty for many. CBS News contributor Javier David has more on what to expect.
Trump says short-term recession would be "ok"
In a wide-ranging interview on NBC's "Meet the Press" over the weekend, President Trump said a recession, in the short term, would be "ok." CBS News White House reporter Aaron Navarro has more.
Consumer sentiment falls again in March
Consumer sentiment fell more than 8% in March, according to a survey from the University of Michigan, marking the fourth straight decline. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to assess what the figure could say about the state of the economy.
Odds of recession are rising, IMF says
The International Monetary Fund is sounding alarms about slowing economic growth and the potential for a U.S. recession rising. This comes as President Trump walks back comments about Fed Chair Jerome Powell's firing and as his take on a trade deal with China. CBS News contributor Javier David has more.
Economic report predicts slower growth
The International Monetary Fund is predicting slower economic growth this year in the U.S., citing uncertainty over the Trump administration's tariffs and trade policy. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Mar 10: CBS News 24/7, 1pm ET
President Trump hints at more tariffs ahead as concerns grow over possible recession; U.S. tanker collides with a cargo ship off of U.K. coast.
Jamie Dimon says U.S. economy faces "considerable turbulence"
JPMorgan CEO Jamie Dimon warns that tariffs are likely to boost inflation, while urging the Trump administration to strike trade deals.
Wednesday's stock gains mostly erased
Stock markets slumped on Thursday, erasing much of the previous day's gains as investors continue to navigate President Trump's tariff strategy. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Federal Reserve's Neel Kashkari on tariffs
President Trump announced Wednesday that he is raising tariffs on China to 125% and pausing tariffs for several other countries. Neel Kashkari, president and CEO of the Federal Reserve Bank of Minneapolis, joins "America Decides" with his take on inflation, tariffs and possible Fed moves.
Are trade deficits bad for the U.S. economy?
The Dow, Nasdaq and S&P 500 closed in negative territory Tuesday as investors continue to reel from President Trump's global tariffs. Martin Baccardax, senior editor and chief markets correspondent at TheStreet, joins "America Decides" to examine how the escalating trade war could impact the global economy and whether trade deficits are inherently bad.
Early morning stock rally fizzles out
A stock market rally fizzled by Tuesday's closing bell, with the Dow Jones wiping out a 1,400-point gain and all three major indexes closing in the red ahead of the midnight deadline for President Trump's sweeping tariffs. CBS News' Kelly O'Grady and Jennifer Jacobs have more.
Iran admits to Trump advisers "they made a mistake" in shooting at ships in strait
The White House wants Iran to publicly acknowledge that shooting at the ships was a mistake.
Bipartisan housing bill becomes law after Trump refuses to sign it
A landmark housing bill automatically became law overnight after President Trump declined to sign it.
Live
U.S. and Iran to continue talks amid heightened tensions
U.S. and Iranian delegations are expected to continue negotiations in Oman via mediators after a week of intense attacks between both sides.
Journalists reportedly issued subpoenas over Air Force One reporting
The subpoenas were issued after the New York Times reported on alleged security concerns with the new Qatari-gifted Air Force One.
Graham Platner formally drops out of Maine Senate race
Graham Platner had until 5 p.m. on Monday to formally suspend his campaign or he would remain on the ballot in November.
10 injured in overnight Russian strikes on Kyiv
Ukrainian military said its air defenses shot down or suppressed two missiles and 111 drones, while Russia claims its forces targeted drone production facilities in Kyiv.
Judge vacates convictions of 4 Proud Boys in Jan. 6 Capitol insurrection
A federal judge on Friday agreed to dismiss the convictions of four members of the far-right Proud Boys group for their actions in the Jan. 6 Capitol riot.
Gordie Howe Bridge connecting Detroit, Canada expected to open in late July
The 1.5-mile-long bridge, which spans the Detroit River and connects the Motor City with Windsor, Ontario, is expected to open on July 27.
Pentagon releases new set of UFO files: "Unlike anything I had seen"
The U.S. military released a new batch of files related to UFOs, including one report from a Navy pilot who said a mysterious object was "unlike anything I had seen" in 28 years of service.
U.S.
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Journalists reportedly issued subpoenas over Air Force One reporting
The subpoenas were issued after the New York Times reported on alleged security concerns with the new Qatari-gifted Air Force One.
Bipartisan housing bill becomes law after Trump refuses to sign it
A landmark housing bill automatically became law overnight after President Trump declined to sign it.
Judge vacates convictions of 4 Proud Boys in Jan. 6 Capitol insurrection
A federal judge on Friday agreed to dismiss the convictions of four members of the far-right Proud Boys group for their actions in the Jan. 6 Capitol riot.
A boy's simple habit of waving to his neighbors transformed his community
Roman Butzlaff brought together a group of neighbors who say they would have barely known each other if not for a little boy, who lived in a neighborhood but needed a village.
Detainees say ICE officer shot Houston driver through passenger window, lawyer says
Three men who witnessed a fatal shooting involving federal immigration officers in Houston say no officer was threatened, a lawyer who has spoken with them said.
MoneyWatch
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Bipartisan housing bill becomes law after Trump refuses to sign it
A landmark housing bill automatically became law overnight after President Trump declined to sign it.
Apple sues OpenAI, accusing ChatGPT maker of stealing trade secrets
Apple alleges that OpenAI and two of its employees stole trade secrets and engaged in a "pattern of misconduct."
Household staff can earn up to $300,000 working for America's rich
Good help is hard — and expensive — to find, according to a recruiting firm for private chefs, chauffeurs and other household workers.
Gas prices start climbing again as U.S.-Iran tensions flare
Prices at the pump sank following a June ceasefire. But renewed conflict in the Middle East and other factors are driving fuel costs back up.
Trump not expected to veto housing bill, U.S. official says
President Trump said Friday he won't sign the law, but a U.S. official said he isn't expected to veto it either.
Politics
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Bipartisan housing bill becomes law after Trump refuses to sign it
A landmark housing bill automatically became law overnight after President Trump declined to sign it.
Judge vacates convictions of 4 Proud Boys in Jan. 6 Capitol insurrection
A federal judge on Friday agreed to dismiss the convictions of four members of the far-right Proud Boys group for their actions in the Jan. 6 Capitol riot.
Graham Platner formally drops out of Maine Senate race
Graham Platner had until 5 p.m. on Monday to formally suspend his campaign or he would remain on the ballot in November.
Iran admits to Trump advisers "they made a mistake" in shooting at ships in strait
The White House wants Iran to publicly acknowledge that shooting at the ships was a mistake.
Former Afghan general charged with drug and firearm offenses in U.S.
A former member of Afghanistan's National Assembly was arrested and charged with conspiring to illegally import heroin and methamphetamine into the U.S.
HealthWatch
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Michigan's cyclosporiasis outbreak grows to more than 1,500 cases
Michigan health officials say the state's cyclosporiasis outbreak has grown to more than 1,500 cases.
I tried eating Erling Haaland's World Cup "Viking diet" for a day
Can a normal human handle soccer star Erling Haaland's calorific bonanza? CBS News' Leigh Kiniry found out the hard way.
What to know about "explosive" diarrhea-causing parasite reported in several states
Michigan is experiencing its largest outbreak of a parasitic infection, called cyclosporiasis, that causes severe diarrhea.
What to know about infant botulism
A fourth infant was hospitalized for botulism linked to Nara Organics baby formula, and the FDA is now expanding its investigation. Dr. Céline Gounder has the latest.
Nara Organics infant formula linked to another case of botulism
The FDA is urging parents and caregivers to immediately stop using a Nara Organics-brand formula after several infants contracted botulism.
World
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10 injured in overnight Russian strikes on Kyiv
Ukrainian military said its air defenses shot down or suppressed two missiles and 111 drones, while Russia claims its forces targeted drone production facilities in Kyiv.
Several killed in small plane crash in the Bahamas, officials say
A small plane crashed in the Bahamas on Friday, killing several people and prompting the government to temporarily ground Flamingo Air flights.
Iran admits to Trump advisers "they made a mistake" in shooting at ships in strait
The White House wants Iran to publicly acknowledge that shooting at the ships was a mistake.
Prince Harry, Meghan visit King Charles after security controversy
Prince Harry and Meghan have a rocky relationship with the prince's father.
Trump admin. to back tariffs on Russian oil in effort to end Ukraine war, sources say
The war in Ukraine is now in its fifth year. A bipartisan bill would impose heavy financial penalties on purchasers of Russian oil,
Entertainment
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Entertainment
Sean Evans on Netflix "Hot Ones" spinoff
"Hot Ones," hosted by Sean Evans, has become one of the hottest series on YouTube. He talks to Vladimir Duthiers about his celebrity-filled show, his new Netflix spinoff, "Hot Ones: Extra Heat," and who he wants to interview next.
Meg Cabot on new "The Princess Diaries" book
Author Meg Cabot returns to Genovia to reinterpret "The Princess Diaries" in her new graphic novel, "The Princess Diaries: The Graphic Novel." Cabot tells "CBS Mornings" that she's excited to revisit the characters from the original films and "introduce them to a new generation."
Book excerpt: "Mighty Real: A History of LGBTQ Music, 1969-2000" by Barry Walters
Barry Walters, a writer for such publications as Rolling Stone and Spin, explores how LGBTQ songwriters, musicians, execs and fans reshaped pop culture in the late 20th century, as queer messages in music became less coded.
Director of "Aces," breaks down docuseries
"Aces: The ATP No. 1 Club" is a new docuseries on the greatest male tennis players of all time. It features rare interviews from legends who reached number one in the world. Pat Dimon, the director of "Aces," joins "The Daily Report" to discuss.
Jon Batiste performs "Georgia On My Mind"
Jon Batiste performs the Ray Charles classic, "Georgia On My Mind," as America rings in its 250th birthday.
Technology
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Apple sues OpenAI, accusing ChatGPT maker of stealing trade secrets
Apple alleges that OpenAI and two of its employees stole trade secrets and engaged in a "pattern of misconduct."
AI slop floods social media, report says
A new report from AI detector Pangram found that AI-generated content is flooding socials like X and Reddit, with LinkedIn accounting for nearly two-thirds of all AI content detected. Pangram CEO and co-founder Max Spero joins CBS News to discuss his findings.
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
MSG tracked celebrities, WIRED reports
A major database breach at James Dolan's Madison Square Garden arena revealed an apparent internal list tracking nearly 40,000 celebrities, according to a new report from WIRED. The report alleges that surveillance labels included "LGBTQIA," "DO NOT HOST," and evaluated individuals on a "risk" level. MSG claims the report is inaccurate. WIRED contributing editor Noah Shachtman joins "CBS News 24/7" to discuss his reporting.
Breaking down the Texas app store age law
Earlier this week, the Supreme Court said it would allow Texas to enforce a law requiring app stores to verify users' ages while the issue plays out in the lower courts. CBS News legal contributor Jessica Levinson breaks down the constitutional question.
Science
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Science
Disclosure Foundation head on new UFO files
The Pentagon on Friday released a new batch of UFO files, spanning 19 videos and more. Jordan Flowers, executive director of the Disclosure Foundation, joins CBS News to discuss.
Watch: Pentagon releases 19 new UFO videos
The Defense Department released a fourth batch of UFO files on Friday, nearly one month after its third drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
2,000-year-old gold rings and human bones found by archaeologists
Archaeologists have discovered eight human skeletons, bronze and gold jewelry and other artifacts indicating a ceremonial burial of wealthy people.
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
The American innovation that made millions of others possible
From the lightbulb to the airplane, to medical breakthroughs and the internet age, the past 250 years have been defined by America's intrepid intellect.
Crime
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Crime
Takeaways from weeklong Tyler Robinson hearing
The weeklong pre-trial hearing for the man accused of killing conservative activist Charlie Kirk wrapped up on Friday with the defense calling one final witness to the stand. CBS News legal contributor Jessica Levinson joins with analysis.
Indictments in White House UFC attack plot
Eight people have each been charged with conspiracy counts over a planned attack at the UFC event that was held at the White House in June. CBS News' Jake Rosen reports.
New details on Mexican man killed by ICE
New details are emerging about what led to Lorenzo Salgado Araujo's death. The Mexican man was wrongfully shot and killed by U.S. Immigration and Customs Enforcement agents during a traffic stop in Houston, Texas. Shawna Mizelle has the latest.
Police investigating murder of former British politician found dead in her home
Ann Widdecombe, a former member of Parliament, had "sustained serious injuries" when she was found dead in her home in southwest England, police said.
Records: Alibaba sold dangerous drugs in U.S.
Chinese e-commerce giant Alibaba knowingly sold dangerous drugs to U.S. consumers, but the DOJ did not prosecute, according to public records probed for a CBS News investigation. Senior Justice Department reporter Sarah Lynch breaks down her reporting and why charges weren't pursued.
Space
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Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Mission launched to rescue a falling space telescope
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
NASA astronauts operate on space station's broken robot arm
The orbital surgery on the International Space Station returned the Canadian-built robot arm to full health after its "wrist" joint failed last month.
NASA prepares to launch rescue to save telescope from falling to Earth
The $30 million salvage operation gets underway as soon as this week with the planned launch of a robotic lifesaver.
Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
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Latest CBS News Videos
Fery loses to Zverev in Wimbledon semifinal
Championship weekend at Wimbledon has arrived, but it will not include the "Fery-tale" British matchup that tennis fans had been hoping for. Matthew Futterman, senior writer for tennis at The Athletic, joins "The Daily Report" to preview the gentlemen's singles final.
Congress' housing bill's potential impact
A sweeping bipartisan housing affordability bill is set to go into law at midnight on Friday, without President Trump's signature. The president says his decision not to sign the bill is a protest against lawmakers' failure to pass his package of voting reforms and restrictions. Bruce Marks, founder and CEO of the Neighborhood Assistance Corporation of America, joins "The Daily Report" to discuss.
Former CIA officer on the latest with Iran
Senior U.S. officials say Iran privately told mediators that it made a mistake in shooting at commercial ships in the Strait of Hormuz. The officials say Iran blamed the attacks on hardliners who are trying to undermine negotiations. Elliot Ackerman, a CBS News contributor and a former CIA officer, has more.
Disclosure Foundation head on new UFO files
The Pentagon on Friday released a new batch of UFO files, spanning 19 videos and more. Jordan Flowers, executive director of the Disclosure Foundation, joins CBS News to discuss.
4-year-old heals "inner loneliness"
The old adage "it takes a village to raise a child" was turned on its head when it took a child to unite a village in North Carolina. Steve Hartman goes "On the Road" with the story.